Answer to Question #61023 in Microeconomics for jerrod

2016-07-28T15:12:54-0400

Question #61023

The government imposes a minimum price on gasoline that is above the equilibrium price. You accurately predict thatA.the law will create an excess supply of gasoline.B.gas stations will start refurnishing their stations.C.less gasoline will be available to buy.D.the law will have no economic impact.